Buyer Biding Her Time from Metro Atlanta, Georgia, wonders whether to buy a house with a 3% down payment and high interest rates. Economists predict rates won’t drop soon. Real estate agents advise against waiting, as home prices may rise, suggesting it’s better to buy now and start building equity.

Real estate agents emphasize the importance of buying a home you can afford now, even with higher mortgage rates. Waiting may lead to more competition and higher prices. They suggest considering new construction homes with special incentives like lower interest rates and paid closing costs, potentially saving money in the long run.

Read more at Yahoo Finance: Mortgage rates are high. Should I wait a year and save for a larger down payment?